Thread: s Cable Corner

Good mornng traders ( 1GMT or comparable),

I will continue here what I was doing in the main GBPUSD thread so as to get more continuation in my own analysis. It will be, in my aim, a type. This doesn't imply other could not partecipate. It means that will do it with the intention to remark, question and eventually enhance what I will write.

I'm not a profile trader, but I use market profile to arrange market data and information. So this thread is dedied to those who do or wish to do exactly the same as me. ** It is for professionals. And it is for traders. Therefore, if you're going to write something here it is going to be about cable or in regard to cable.

Please don't start to inquire about market profile, what is it, the way to use it. This really isn't the purpose of this thread.

Additionally, please don't write something such as thank you, fantastic concept, interesting, useless or whatever in this first thread page. I will start as soon as possible with after that and my analysis, please, don't up to this instant.

Best regards and good trading.


**You require a industry profile instrument with normal letters and sessions to follow this thread. I use this if you like, however you will find many sources.

For US: weak pit levels upside 4278. Downside 4189, 4151, 4098
Main pit near levels 42622 (2018 highest), 41895 (January)
significant composite poc 4261.

Main degree still 42323 as composed this morning.

Originally Posted by ;

.... So we are below its 39795: track for acceptation below it . Note that tonight Tokyo and yesterday pit session built a GB gap drawback that is brand new from GB low at 40253. This gap must be maintained for any success of the present attempted breakout drawback that is weekly. In case of continuation downside remember the possible strong support provided by trend line 2009.01.23-2016.02.29. Also note the GB bad low at 39153 that may be taken out in case of continuation....

Testing 39795 from below as expected.

If this breakout from week balance that is inside will be confirmed, next weaknesses are: 38575 (Tokyo 01.22 poor non) 38205 (GB 01.18 poor non) 3805 (Back to Back 01.18 Tokyo and Sydney poor highs) Obviously this might be possible only if this tried GB weekly break will be verified and accepted (under 39153)

Originally Posted by ;

quote So pit opened, went disadvantage to test 40547 , failed under it and came back upside towards the top of the old pit gap (4001) just to stop a few pips below it...

Secondly test of it (40547) now a perfect tag.

Originally Posted by ;

42323 is the most important level for preUS and upcoming pit session. Other vital levels to evaluate are: 41895 (Pit Jan near) , 42415 (Pit 2018 highest near) and the extremes of the pit equilibrium constructed last week:40825 and 4136 (disadvantage) 4226 and 43185 (upside)

Interesting enough this whole action upside originated exactly at 41895, when cost didn't loe acceptation below it. Then, as you see, we are again analyzing 42323 that coincide with yesterday pit high: some severe continuation upside will require acceptation above it, as above 42415. Otherwise. .

Btw I Am off for Now. Have a continuation. Best, L.

PS: whatever the final profile of current pit session, so I strongly suggest to see all the articles from this early morning since now we have another not so common textbook marketplace day.

Thanks so much, . Love the day...

While GB near for 2018 is at 42625, yes GB is at 42445. Any serious continuation upside after GB open will need acceptation above these two, whilst rejection over them could induce price. I'm speaking about a liquidation as with this kind of high I cannot imagine something more: actually current February high is obviously weak as it's a bad pit high tagged with current Tokyo session large (4278)

Major level within this zone is still 42323. Composite poc is 4261.

Originally Posted by ;

Yes GB close is at 42445 , while highest GB close for 2018 is at 42625. While rejection over them could induce cost any continuation open will require acceptation above both of them .

Originally Posted by ;

I'm talking about a liquidation as with such an high I cannot imagine something more : in fact current February high is clearly weak as it is a bad pit high tagged by current Tokyo session high (4278) Major level in this zone remains 42323. Major composite poc is 4261.

So GB started, went to 42445, retrace upside just to a couple of pips under 42625, didn't figure out how to reach that, then liquidated. And the significance of market generated info.

Note that the fact that current one is for now just a liquidation is supported by the current GB session profile. It is a person that is shaped as you see. Meaning that after the liquidation that was fast, the marketplace came into balance.

b